HIG Capital (HIG), has closed its inaugural European Middle Market Fund, HIG Europe Middle Market LBO Fund, with aggregate capital commitments of EUR2 billion. The Fund will leverage HIG’s existing European infrastructure to target middle market companies with values up to EUR1 billion, primarily in Western Europe.
Sami Mnaymneh and Tony Tamer, HIG Co-Founders and Co-CEOs, says: “We are delighted with the continued support from our limited partner base, which reflects their confidence in the capability of our European team and our differentiated value-added investment approach.”
Markus Noe-Nordberg, Head of HIG Europe Middle Market, adds: “The current economic environment in Europe leaves us well-positioned to execute our value-creation strategy. We are confident that our experienced team, and our established local presence, will allow us to successfully navigate this period of uncertainty and deliver value for our investors. The Fund is already more than 25% committed across six investments.”
Source: Private Equity Wire
